Menard Financial Group LLC lifted its holdings in shares of Southwest Airlines Co. (NYSE:LUV) by 6.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,903 shares of the airline’s stock after buying an additional 560 shares during the quarter. Menard Financial Group LLC’s holdings in Southwest Airlines were worth $526,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Brookfield Asset Management Inc. acquired a new position in Southwest Airlines during the first quarter valued at approximately $1,484,000. Advisor Partners LLC lifted its stake in Southwest Airlines by 14.5% in the first quarter. Advisor Partners LLC now owns 18,655 shares of the airline’s stock valued at $1,139,000 after buying an additional 2,356 shares in the last quarter. TownSquare Capital LLC lifted its stake in Southwest Airlines by 170.7% in the first quarter. TownSquare Capital LLC now owns 20,250 shares of the airline’s stock valued at $1,236,000 after buying an additional 12,770 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in Southwest Airlines by 3.4% in the second quarter. Oppenheimer & Co. Inc. now owns 141,884 shares of the airline’s stock valued at $7,532,000 after buying an additional 4,709 shares in the last quarter. Finally, Consolidated Capital Management LLC lifted its stake in Southwest Airlines by 2.9% in the second quarter. Consolidated Capital Management LLC now owns 127,949 shares of the airline’s stock valued at $6,793,000 after buying an additional 3,574 shares in the last quarter. Institutional investors own 77.30% of the company’s stock.
A number of research analysts have weighed in on the stock. Redburn Partners assumed coverage on shares of Southwest Airlines in a research note on Wednesday, August 11th. They issued a “buy” rating on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $51.24 price objective (down previously from $75.00) on shares of Southwest Airlines in a research report on Monday, July 26th. Morgan Stanley cut their price objective on shares of Southwest Airlines from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 14th. Zacks Investment Research raised shares of Southwest Airlines from a “sell” rating to a “hold” rating and set a $52.00 price objective on the stock in a research report on Tuesday. Finally, MKM Partners cut their price objective on shares of Southwest Airlines from $74.00 to $67.00 and set a “buy” rating on the stock in a research report on Friday, July 23rd. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $59.28.
Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Wednesday, July 21st. The airline reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.12). The business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $3.94 billion. Southwest Airlines had a negative net margin of 16.23% and a negative return on equity of 33.72%. The firm’s quarterly revenue was up 297.6% compared to the same quarter last year. During the same quarter last year, the business earned ($2.67) EPS. On average, research analysts expect that Southwest Airlines Co. will post -1.55 earnings per share for the current year.
Southwest Airlines Profile
Southwest Airlines Co engages in the management of a passenger airline. It offers ancillary services such as earlybird check-in, upgraded boarding, and transportation of pets and unaccompanied minors. The firm operates in U.S. states, District of Columbia, the Commonwealth of Puerto Rico, Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.
Featured Article: Hold Rating
Want to see what other hedge funds are holding LUV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southwest Airlines Co. (NYSE:LUV).
Receive News & Ratings for Southwest Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Airlines and related companies with MarketBeat.com's FREE daily email newsletter.